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Phillip And Patricia Frost Musueum Of Science Inc

Frost Science

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590854960 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Phillip And Patricia Frost Musueum Of Science Inc?

The Phillip and Patricia Frost Museum of Science Inc, also known as Frost Science, is a nonprofit organization based in Miami, Florida. With a team of 236 employees, their mission is to inspire and connect people of all ages and backgrounds to enjoy science and technology, and to better understand ourselves and our world. Frost Science houses over 7,500 animals of 449 species, including various pelagic fish in their iconic 500,000-gallon Gulf Stream Habitat. The museum's exhibitions span three levels, each offering unique perspectives on the biomechanics of marine creatures and the latest science on ocean functioning. Aside from their aquarium and conservation efforts, Frost Science also works in harmony with national and local partners to restore coastal habitats in Miami-Dade County. Through the help of over 11,000 volunteers, they have enhanced 25 acres of coastal habitats since 2007 and remove over 10,000 pieces of marine debris annually. The conservation team also helps plant more than 1,000 corals and relocate 200 Diadema sea urchins along the Florida Reef Tract since 2018. The museum's husbandry team conducts over 100 exhibit encounters per year, providing visitors with face-to-face experiences with the animal ambassadors. Additionally, Frost Science employs a rapid response team to prevent the spread of invasive marine species, further contributing to the preservation of the ecosystem and the community's defense against sea level rise.


Official website here: www.frostscience.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% - Four-Star out of Four Star rating.

The Phillip And Patricia Frost Museum Of Science Inc has achieved an impressive score of 96%, reflecting a strong commitment to accountability and financial management. The rating is based entirely on the organization's financial practices, highlighting their effective governance and transparency. The museum boasts a fully independent board of directors, ensuring unbiased decision-making and oversight.

The financial indicators are particularly noteworthy, with a program expense ratio of 83.39%, indicating that a significant portion of their funds goes directly to programs rather than administrative costs. They also have a very low liabilities to assets ratio of 6.82%, which demonstrates sound financial health. Additionally, the organization has robust policies in place for conflicts of interest, whistleblower protections, and document retention.

While the museum scores exceptionally well in all evaluated areas, the summary does not provide information on the specific programs or impact of their services. Nonetheless, the strong financial practices and governance suggest that they are well-positioned to effectively serve their mission and the community.


This AI summary has been generated from information found on Charity Navigator.

Is Phillip And Patricia Frost Musueum Of Science Inc legitimate?

Phillip And Patricia Frost Musueum Of Science Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phillip And Patricia Frost Musueum Of Science Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,035,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,384,409

For more financial information, click here


Official website here: www.frostscience.org

What is the mission statement of Phillip And Patricia Frost Musueum Of Science Inc?

The Phillip and Patricia Frost Museum of Science inspires and connects people of all ages and backgrounds to enjoy science and technology. Through its aquarium and conservation exhibits, the museum houses over 7,500 animals of over 449 species, including pelagic fish and various creatures of the high seas. Visitors can gain unique perspectives on the biomechanics of different ocean creatures and learn about the latest science on how the oceans work. The museum also works with partners to conduct restoration work and increase native plant species while reducing the occurrence of invasive species, creating a more sustainable ecosystem. The husbandry team conducts exhibit encounters, getting guests face to face with animal ambassadors, and the conservation team helps plant corals and relocate sea urchins. The museum employs a rapid response team to prevent the spread of invasive marine species.


Official website here: www.frostscience.org

Who is the CEO of Phillip And Patricia Frost Musueum Of Science Inc?

Frank Steslow is the President & Ceo of Phillip And Patricia Frost Musueum Of Science Inc. The CEO's salary of Phillip And Patricia Frost Musueum Of Science Inc is $398,304 and their total compensation is $422,426.


Official website here: www.frostscience.org

What is the revenue of Phillip And Patricia Frost Musueum Of Science Inc?

Phillip And Patricia Frost Musueum Of Science Inc's revenue in 2022 was $21,571,073.


Official website here: www.frostscience.org

Who are the executives of Phillip And Patricia Frost Musueum Of Science Inc and what are their salaries?

The average compensation at Phillip And Patricia Frost Musueum Of Science Inc during 2022 was $27,204. There are 236 employees and 103 volunteers at Phillip And Patricia Frost Musueum Of Science Inc.


Here are 29 key members and their salaries (Phillip And Patricia Frost Musueum Of Science Inc's CEO's salary is $398,304 and their total compensation is $422,426):


Cesar L Alvarez (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard C Pfenniger Jr (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Frost (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Frost (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lampen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Marquez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Spring (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul J Dimare (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Commissioner Keon Hardemon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Commissioner Ken Russell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Miller Saiontz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph L Falk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Forges (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Jin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Richard Kurin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Ioannis Miaoulis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve R Frank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kieran Bowers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Mendelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oti Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oana Reedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Steslow (President & Ceo)
  • Compensation: $398,304
  • Related: $0
  • Other: $24,122
Amy Gillette (Vp Of Finance)
  • Compensation: $184,315
  • Related: $0
  • Other: $10,300
George Powers (Svp Of Engineer & Ops)
  • Compensation: $237,955
  • Related: $0
  • Other: $25,950
Brooks Weisblat (Vp Of Technology)
  • Compensation: $131,175
  • Related: $0
  • Other: $9,462
Joseph Quinones (Vp Of Marketing)
  • Compensation: $126,057
  • Related: $0
  • Other: $9,112
Neil Kurlander (Svp Of Adm & General)
  • Compensation: $237,510
  • Related: $0
  • Other: $11,628
Rebecca Mandelman (Svp Of External Affairs &)
  • Compensation: $225,001
  • Related: $0
  • Other: $10,875
Andrew Dehart (Vp Of Animal Husbandry & Marine Conservation)
  • Compensation: $144,140
  • Related: $0
  • Other: $8,157


Official website here: www.frostscience.org

Where can I find the form 990 for Phillip And Patricia Frost Musueum Of Science Inc?

Phillip And Patricia Frost Musueum Of Science Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.frostscience.org

Learn more at the official website: www.frostscience.org

Mission Statement of Phillip And Patricia Frost Musueum Of Science Inc

The Phillip And Patricia Frost Musueum Of Science Inc inspires and connects individuals of all ages and backgrounds to appreciate the wonders of science and technology. By fostering enjoyment and understanding of ourselves and our world, this esteemed institution serves as a hub for scientific exploration and discovery.

The museum's awe-inspiring aquarium and conservation efforts house over 7,500 animals of 449 species, including various pelagic fish in its iconic 500,000-gallon Gulf Stream Habitat. Spanning three levels, the Vista, Dive, and Deep exhibits offer unique perspectives on the biomechanics of ocean creatures and present the latest research on marine ecosystems. The dedicated husbandry team facilitates over 100 exhibit encounters annually, bridging the gap between visitors and the museum's animal ambassadors.

The museum's conservation initiatives extend beyond its walls, with partnerships to restore native plant species and reduce invasive species in Miami-Dade County. Since 2007, the museum and its volunteers have enhanced 25 acres of coastal habitats, removing and cataloging over 10,000 pieces of marine debris each year. The conservation team's efforts have also included planting over a thousand corals and relocating 200 Diadema sea urchins along the Florida Reef Tract since 2018. In addition, the museum employs a rapid response team to collaborate with federal, state, and local agencies in preventing the spread of invasive marine species.

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Impact




October, 2024

Phillip And Patricia Frost Museum of Science plays a vital role in inspiring and connecting people of all ages and backgrounds to the wonders of science and technology, helping them gain a deeper understanding of themselves and the world around them. The museum features a remarkable aquarium that houses over 7,500 animals across 449 species, including a stunning 500,000-gallon Gulf Stream habitat that immerses visitors in the intricacies of marine ecosystems.

Through engaging exhibits such as "The Vista," "The Dive," and "The Deep," the museum offers unique perspectives on marine life, presenting the latest scientific insights into ocean dynamics. The husbandry team facilitates over 100 exhibit encounters annually, bridging the connection between visitors and animal ambassadors, enriching the educational experience and promoting conservation awareness.

The museum's impact extends beyond its exhibits, as it actively participates in local conservation efforts. Since 2007, it has enhanced 25 acres of coastal habitats with the help of over 11,000 volunteers, focusing on increasing native plant species while mitigating destructive invasive species. Each year, the museum and its volunteers remove and catalog over 10,000 pieces of marine debris, promoting cleaner coastal environments.

Furthermore, the conservation team has made significant strides in preserving marine life by planting more than 1,000 corals and relocating 200 Diadema sea urchins along the Florida Reef Tract since 2018. The museum's rapid response team works diligently with federal, state, and local agencies to prevent the spread of invasive marine species, showcasing its commitment to environmental stewardship.

Overall, Phillip And Patricia Frost Museum of Science fosters a profound appreciation for science and technology while playing an essential role in marine conservation, education, and community engagement in Miami-Dade County.




This information is meant to be a general summary of Phillip And Patricia Frost Musueum Of Science Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$21,571,073 (2022)
Expenses
$29,171,431 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,697
  • Program Service Revenue: $16,027,021
  • Gross Receipts: $23,067,993

Assets and Liabilities:

  • Total Assets: $223,553,087
  • Total Liabilities: $15,265,033
  • Net Assets: $208,288,054

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMISSIONS

Revenue

$11,306,955

ANCILLARY SERVICES

Revenue

$1,986,861

MEMBERSHIPS

Revenue

$1,756,992

EVENTS AND RENTALS

Revenue

$526,918

EDUCATIONAL PROGRAMS

Revenue

$449,295

Organization Details

Founding Year

1949

Principal Officer

Frank Steslow

Main Address

1101 BISCAYNE BLVD, MIAMI, FL, 33132

NTEE Category

Code: A570 - Arts

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